In this report I argue that environmental racism is constituent of racial capitalism. While the environmental justice movement has been a success on many levels, there is compelling evidence that it has not succeeded in actually improving the environments of vulnerable communities. One reason for this is because we are not conceptualizing the problem correctly. I build my argument by first emphasizing the centrality of the production of social difference in creating value. Second, I review how the devaluation of nonwhite bodies has been incorporated into economic processes and advocate for extending such frameworks to include pollution. And lastly, I turn to the state. If, in fact, environmental racism is constituent of racial capitalism, then this suggests that activists and researchers should view the state as a site of contestation, rather than as an ally or neutral force.